“The SkyHouse transaction reaffirms the commitment of established institutional capital to the expanding central business district multifamily market, and is a testament to the continued strong outlook for apartment rent growth and leasing in downtown Denver,” says Koster.

SkyHouse Denver also includes 6,650 square feet of street-level retail and parking for 485 vehicles. Its amenities include a rooftop pool, open air lounge, fireplaces, outdoor grilling stations, fitness and business centers, a clubhouse/game room, storage units, bike, ski and snowboard storage and a 24/7 concierge.

“Skyhouse Denver is a fine example of the power of partnership that the Simpson investment program brings to the table. Simpson's investment acumen, coupled with Novare's excellent execution, led to a very successful development. The amenities are best in class with the only rooftop pool downtown, and clearly the ample parking is a major plus for residents,” Martin says.